Evercore ISI Group Maintains Outperform on Salesforce, Raises Price Target to $290
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Kirk Materne has maintained an Outperform rating on Salesforce (NYSE:CRM) and increased the price target from $275 to $290.
November 30, 2023 | 8:35 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Evercore ISI Group analyst Kirk Materne maintains an Outperform rating on Salesforce and raises the price target from $275 to $290, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst suggests a strong conviction in Salesforce's future performance. This typically instills confidence in investors and can lead to a short-term increase in the stock price as market participants adjust their valuations to align with the new analyst expectations.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100